Ways The Identity Theft Deterrence Act Can Assist Victims Of

Ways The Identity Theft Deterrence Act Can Assist Victims Of Fraud

Gartner Inc, a giant in the research field, estimates that only one out of seven hundred people who commit identity fraud ever gets brought to justice. It appears that in Oregon they found that one.

The Associated Press reports one one identity theft criminal that arrived at a local bank to cash a check. What makes this story so bizarre is the thief was caught by the person he had been victimizing. It appears they were in the bank to dispute the bogus charges which were on their financial statement.


Unfortunately for many others who have had their identity stolen there's no chance of them coming face to face with the thief and by some miracle apprehending them. Identity fraud is a crime that affects over 8 million people per year. While things like check fraud are on the decline others such as phishing websites have reached an all-time high. The breakneck speed of technological innovations is making identity theft easier and easier.

The ability to steal personal information has also reached cell phone users where downloading certain apps can result in sensitive data you've stored in your phone getting hijacked and sent to remote servers where thieves are waiting to record that information such as online banking logins and password.

The good news is there are resources out there which the consumer has at his or her's disposal. In 1998 The United States Congress passed into law the Identity Theft and Assumption Deterrence Act. This made identity fraud a federal offense and with it comes tougher punishment whenever identity theft criminals are captured and convicted.

Aside from that it placed the Federal Trade Commission commonly referred to as the FTC at the forefront of combating identity fraud. The FTC and in particular their website is chock full of information and facts including prevention, video clips and news item reports. Within the last 10 years they've done an impressive job in their efforts to educate the public on just how firmly and deeply this particular crime has become in this country as well as the steps required to protect against it.

An important aspect was the development of the Identity Theft Clearinghouse data bank. It is an on line repository designed to aid local and federal law enforcement officials. Each and every complaints about identity theft are automatically entered into the data bank which is kept up to date consistently.

One other thing this law has accomplished is to aid consumers with whatever credit problem they may be experiencing due to identity theft. Although they are fully aware you have been the victim of identity fraud credit bureaus for some reason or another are still slow to act in terms of clearing it from your records. This process might get expedited if you have the federal government backing you up.

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